Kakuzi PLC, a Kenyan agricultural producer, said on Tuesday it expects full-year net earnings to fall by at least 25% from 2025, after a slump in avocado and macadamia sales dragged down its half-year profit. The Nairobi Securities Exchange-listed company issued the profit warning alongside unaudited results for the six months to June 30, 2026, […]
Read MoreRising debt repayments are crowding out health budgets across Africa’s poorest nations, and out-of-pocket medical bills push 150 million people into poverty each year, the United Nations Economic Commission for Africa (ECA) said on Tuesday. The warning came as the World Health Organization’s Regional Committee for Africa opened its 76th session in Addis Ababa, under […]
Read MoreThe Kenya Revenue Authority (KRA) said on Tuesday it has raised the customs minimum valuation benchmark for general containerized consolidation cargo to 3.2 million Kenyan shillings ($24,800), from 2.5 million shillings, effective Aug. 20. The tax authority said the revised customs benchmark follows consultations with the Kenya International Freight and Warehousing Association (KIFWA), small traders, […]
Read MoreAfrican Export-Import Bank reported a 30% rise in net income to $534.7 million for the first half of 2026, the Pan-African lender said on Monday, citing higher interest income and expanding loan books. Net income for the six months ended June 30 compared with $412.7 million in the same period a year earlier, Afreximbank said […]
Read MoreKenya’s national investment promotion agency and the East Africa Venture Capital Association (EAVCA) said on Thursday they had renewed a partnership aimed at accelerating private capital investment into the country, as Nairobi seeks to cement its status as the region’s leading investment hub. Invest Kenya, the state agency responsible for attracting investment, and EAVCA, an […]
Read MoreNCBA Group PLC is weaving insurance products into its core banking, lending and wealth management offerings, a strategy the Kenyan lender says has fuelled growth in its bancassurance business in the first half of 2026. The lender, one of Kenya’s largest financial services groups by assets, said gross written premiums from NCBA Insurance and its […]
Read MoreA group of banks and financial regulators from multiple jurisdictions has launched a pilot program to test post-quantum cryptography for securing digital asset transactions. The initiative, convened by the Responsible Fintech Institute (RFI) with digital asset custody firm Safeheron as technology partner, aims to move quantum-safe financial infrastructure from concept to practical testing. Participating regulators […]
Read MoreAFC Capital Partners (ACP), the asset management arm of Africa Finance Corporation (AFC), said on Monday it has launched the Infrastructure Climate-Resilient Fund Nigeria (ICRF Nigeria), a vehicle aimed at channelling domestic institutional money into climate-resilient infrastructure projects. The fund, registered with Nigeria’s Securities and Exchange Commission as a closed-end vehicle, will seek capital from […]
Read MoreCIT Vericash, a fintech platform provider serving banks across Africa, said on Monday it had been named Best Digital Financial Services Platform 2026 by Global Business Outlook, a UK-based business publication. The company, a division of Toronto-founded CIT Global, said the award recognised the performance of its Vericash Fintech Enablement Platform, which it said is […]
Read MoreKenya Reinsurance Corporation reported a 42.8% rise in profit after tax to KSh2.3 billion ($17.8 million) for the six months ended June, helped by higher insurance revenue and a sharp improvement in underwriting performance. The state-linked reinsurer’s profit increased from KSh1.6 billion in the same period a year earlier, according to its half-year results released […]
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